What this page is for
This report sets income against expenses for a period and carries the difference down to a single Profit or Loss figure. Below it, the same income and expenses are split a second way: by revenue category, and by branch where you trade from more than one, so you can see where the result came from.
Everyone whose role can view accounting sees this report.
If any posting due in the period has not yet run, a notice above the figures says so, and by how much the figures could still change.
How to…
How to run the report
Set the From and To dates, and Branch if you want just one branch's figures, then press Run report.
Worked examples
Supermarket
Tumaini Supermarket's accountant runs the income statement for September and finds a KES 340,000.00 profit, with by revenue category showing groceries carrying most of it.
Restaurant and bar
The Acacia Grill & Bar runs the report for the quarter and finds a loss. By branch shows the loss sits entirely with a new branch still ramping up trade, while the original branch stayed profitable.